News by Emir Zainul

Three agreements that together form the Klang Valley’s first integrated reclaimed-water supply chain for data centre operations were formalised on Thursday, in a ceremony witnessed by the Ministry of Energy Transition and Water Transformation (Petra).

GuocoLand (Malaysia) Bhd (KL:GUOCO), the property arm of Hong Leong Group, said its first quarter net profit more than doubled to RM6.1 million from RM2.91 million a year earlier on stronger contributions from its property and hotel divisions.

Industrial packaging firm L&P Global Bhd (KL:L&PBHD) is disposing of a leasehold industrial property in Kulim, Kedah, for RM13.88 million cash, to unlock the value of the underutilised property and redeploy capital.

Pharmaniaga Bhd (KL:PHARMA) is acquiring two industrial buildings in Terengganu and Sarawak for a total of RM30.5 million.

The sukuk wakalah will have a perpetual tenure, unless cancelled, while the ICP programme will have a seven-year tenure.

The dividend's entitlement date has been set for Nov 12, with payment to be made on Nov 25.

The court ordered Kerjaya Prospek's unit Kerjaya Prospek (M) Sdn Bhd to pay Yong Tai's unit Apple 99 Development Sdn Bhd a total of RM20,000 in legal costs, subject to payment of allocator fee.

Propel Global Bhd (KL:PGB) has secured a contract worth approximately RM70 million for the civil and structural works of a data centre development in Johor Bahru.

KTI Landmark Bhd (KL:KTI) has clarified that its recent announcement regarding the proposed redevelopment of Wisma Budaya in Kota Kinabalu does not constitute a contract award, but merely a non-binding Letter of Intent (LOI) from the Ministry of Tourism, Culture and Environment Sabah (KePKAS).

Malaysia Airports Holdings Bhd (KL:MAHB) will appoint an independent assessor to review the power supply design and installation quality of the Kuala Lumpur International Airport (KLIA) aerotrain system following the latest disruption on Wednesday night.